Business News
What to Expect from a Career in Investment Banking
As a result of the COVID pandemic, the size of the workforce in the investment banking sector has reduced by 5%, compared to last year. But, we can expect light at the end of the tunnel, as some day or the other, the economy will revive itself, and the things will fall back to the normal. Sooner or later, the pandemic will come to an end, and the financial markets will reopen to recruiting, once again.
And that’s why, you need to be prepared for grabbing those rare opportunities that will emerge, soon after the pandemic ends. Enroling in an investment banking certification program, can prove to be a great choice, preparing for an entry-level job role in investment banking. Firstly, it’s cost-efficient, and secondly, you don’t need much time to acquire professional credentials in the said sector. Examinations too, are held online, to acquire such valuable skill-based banking credentials.
Size of the workforce in the investment banking sector, globally, amid Q1 2015 to Q1 2020 (in 1,000s)
Source: Statista
As per the renowned German market-research firm Statista, in the wake of the recent lay-offs, powered by the pandemic, there is a significant decrease observed this year, in the number of active investment bankers, globally. Only 49,000 professionals across the world were reported to be working in the first quarter of 2020, which is a big drop in number, compared to the Q1 of 2019.
What Do We Mean by Investment Banking?
It is a division of a bank or financial institution that provides financial advisory services to corporations, wealthy institutions, and the government. Investment bankers offer financial advisory regarding capital-raising, and M& A deals.
Investment banks provide for a variety of financial services to high net worth individuals and institutional investors, such as underwriting, commercial banking support, asset management, equity research, and Mergers & Acquisitions advisory.
Is It Worth It to Become an Investment Banker?
If you like money, a luxurious lifestyle, and love traveling, investment banking career is custom-made for you. Investment bankers enjoy a variety of perks, being associated with the said sector. You earn handsome pays, yearly bonuses, and a respectable position in the financial services industry.
You work long hours, may be 16-17 hours a day, at the start of your career, but then, you feel an adrenaline rush each day, being working in a job role that deal in millions and billion dollar deals. It’s an interesting job to be into, and you feel important, each day at work.
In the best way possible, we can describe the life of an investment banking professional as what’s shown in the movie – ‘The Wolf of Wall Street’. It’s fast-moving, sucks all your energy in a few hours in the day, and there are big ups and downs in the financial markets that happen in a matter of a few hours in the day. It’s basically, a roller coaster ride, that you ride each day.
The risks are big, and the tensions grow even bigger each second you spend in the financial markets. It’s not for the chicken-hearted, that’s for sure.
How One Can Become an Investment Banker?
Investment banking is an elitist job, and you need to be preparing for it, well in advance, starting from your education. Having a suitable educational ground plays a critical role, in you being taken seriously for the entry-level jobs in investment banking.
Steps to becoming an investment banker:
- Secure a college degree in finance, or a related subject discipline.
- Try taking admission into an ivy league business school.
- Acquire an advanced degree in finance, may be an MBA in finance, from a top-tier business school, or university.
- Networking is key, to get interviews for entry-level roles.
Securing an Investment Banking Internship
A majority of big investment banks offer summer internships to college graduates in finance, across the world. A few of these comprise – the RBS Group, JP Morgan, Goldman Sachs, Morgan Stanley, among many others. If your application gets accepted at any of these big banks, don’t even think of missing it.
Investment Bankers’ Day-to-Day Activities
On an average, an investment banker works 80-100 hours a week. It amounts to an excess work, equivalent to more than 50% of what an average professional in some other industry would work in a week. As per, what renowned investment banker, Andrew Gutmann, wrote in his book, an investment banker starts his day at 10 in the morning, and has to extend it to 2 in the morning, the next day, most of the time.
Critical Skills, Required to Succeed as a Potential Banker
- Financial modeling
- LBO models
- DCF (discounted cash flow) models
- Statement models
- Creating Financial Reports and Pitch Books
- Performing transaction documentation
- Performing business valuation tasks
- Sales and business development capabilities
- Networking & negotiation skills
- Soft skills, to build robust professional relationships
How, an Investment Banking Professional, Spends His Working Day?
However, it depends on, what position you work at, in the hierarchy. The workday, usually starts quite late, as the financial markets in New York don’t open in the early hours of the day. One more reason for investment bankers starting their day late, is that they end their workday at around 2 in the night (or one could say, morning), and hence, simply cannot start their next day at 7 in the morning.
Bankers work much slower during the mornings, as compared to the remaining hours in the day, which is a fact. Analysts and associates in the early hours of the working day, take onto the tasks assigned by the senior team members.
Important Note: As a junior member in an investment banking team, try answering as much emails and messages during the morning hours, as you can. It would help you throughout the workday, as the professionals working as analysts and associates are not allowed more than 15 minutes to respond to mails from senior management. You can succeed in lessening your workload to a certain extent by taking onto the mails, at the start of the day.
Lunch is limited to a duration of 45 minutes. Hierarchical structure is quite rigid at an investment bank, and you must not try playing around with the seniors, across divisions, and in your team.
Business News
Oil and Gas Engineering: Sectors and Skills in Demand
Oil and gas engineering remains a vital component of the global energy industry, driving the exploration, extraction, and refinement of hydrocarbons that power economies worldwide. As the industry evolves, driven by technological advancements, environmental regulations, and shifting energy markets, the demand for specific sectors and skills within oil and gas engineering is also changing. This article delves into the key sectors of oil and gas engineering and the skills currently in demand.
Key Sectors in Oil and Gas Engineering
- Upstream Sector (Exploration and Production)
The upstream sector focuses on the exploration and extraction of crude oil and natural gas. This includes geological surveying, drilling, and production operations. Engineers in this sector are involved in discovering new reserves, designing extraction methods, and improving the efficiency of production processes. Key roles include drilling engineers, reservoir engineers, and petroleum geologists. Upstream engineering is often characterized by the challenges of working in remote and harsh environments, whether it be deep-sea drilling or operations in arid deserts.
- Midstream Sector (Transportation and Storage)
Once oil and gas are extracted, they need to be transported and stored before refining. The midstream sector deals with the logistics of moving crude oil, natural gas, and refined products through pipelines, tankers, and storage facilities. Engineers in this sector are responsible for ensuring the safe and efficient transport of hydrocarbons, often over long distances. Pipeline engineers, logistics coordinators, and infrastructure maintenance professionals play key roles in midstream operations. As global demand for energy continues to grow, so too does the need for resilient and innovative transportation networks.
- Offshore Engineering
Offshore engineering is a specialized subset of oil and gas engineering that deals with exploration and production in offshore environments, including deepwater and ultra-deepwater drilling. Engineers in this field must navigate challenges like extreme weather conditions, environmental regulations, and complex logistical operations. Subsea engineers, marine engineers, and structural engineers are essential for the construction, maintenance, and operation of offshore oil rigs and platforms. The offshore sector continues to be a major source of oil and gas, particularly in regions like the Gulf of Mexico, the North Sea, and offshore Brazil.
Skills in Demand
- Technical Engineering Skills
The backbone of oil and gas engineering is technical expertise. Engineers need a strong understanding of disciplines like fluid dynamics, thermodynamics, materials science, and structural mechanics. Specific technical skills such as proficiency in reservoir modeling software (e.g., Petrel), hydraulic fracturing technology, or pipeline integrity management systems are highly sought after. Automation and digitalization are also changing the landscape, making skills in data analytics, artificial intelligence (AI), and robotics increasingly valuable. You can find oil and gas engineering jobs on specialist jobs boards.
- Health, Safety, and Environmental (HSE) Expertise
With growing scrutiny over the environmental impact of oil and gas operations, companies are emphasizing the importance of HSE standards. Engineers who specialize in environmental compliance, sustainability practices, and risk management are in high demand. Skills related to emission control, waste management, and water treatment have become crucial as companies strive to reduce their carbon footprint.
- Project Management and Leadership
Oil and gas projects are often massive in scope, requiring careful planning, coordination, and execution. Project managers and engineers with leadership capabilities are essential for overseeing complex operations that involve multiple teams, strict deadlines, and tight budgets. Skills in project management software, cost control, and stakeholder engagement are particularly valuable in large-scale engineering projects.
Business News
Uber Alternatives: 10 Ride-Sharing & Similar Applications
With online cab booking services becoming an integral part of our lives, Uber Alternatives has introduced the service that has dominated the market since its introduction. With vast cab services and taxes being made in cities and countries worldwide, Uber has ranked in the cab market with one of the largest services.
Although Uber has been rated as one of the largest cab booking services, it lacks some of its features like Uber Driver, Surge Pricing, automated system, and a couple of others. Hence, for your convenience, in this article, we have mentioned the 10 alternatives of Uber that can help you choose the best cab services.
What is Uber Alternatives ?
Uber Technologies, is a multinational transportation company that is incorporated with services like raid-hailing services, food delivery, freight transportation, and courier services.
Founded in 2009, Garrett Camp came up with the idea to create Uber and spent $800 hiring a private driver on the business eve.
With the largest ridesharing company worldwide with more than 150 million monthly active users and more than 6 million drivers, Uber guarantees to facilitate more than 26 million rides a day and more than 46 billion drives since its foundation in 2010.
How Uber Will Face Challenges in The Upcoming Years?
Although Uber is an esteemed company that has provided cab services for years, its reputation has gradually declined in recent years owing to the several challenges they are facing or is likely to face shortly.
1. Status of Drivers
One of them is the status of drivers; whether they are classified as personnel or independent drivers. Uber, to maintain its safe side, opts for the latter, and classifies itself as a technology company whose sole purpose is to connect drivers and passengers.
Although this classification works smoothly for the company and some of the drivers, others have reported to be suffering from it. Many drivers claim that they have been paid minimum wages which do not meet the earnings they can do by working as independent drivers. Not only this, but the company, Uber, has been solving several lawsuits that have been launched by drivers in Massachusetts and California.
2. The California Controversy
The ongoing challenges with the status of drivers faced legislative challenges in California; the region’s population of 39 million makes it one of the largest marketplaces for the company. Following, in 2019, the California senate passed an Assembly Bill 5, that ordered Uber, and Lyft among other ridesharing to deal with their drivers as employees and not independent contractors.
3. Taxes
Another issue that is related to the status of the drivers is the tax issue. If Uber stops claiming itself as a technology company and becomes a livery company, the government can claim that the entire ride payment is Uber Alternatives revenue and is subjected to taxes and governance.
4. Driver’s Risk
Besides, Uber drivers have been subjected to several risks as the company has been banned in several regions. In such cases, Uber drivers are open to receiving threats from the regions and their independent drivers.
Additionally, the Airport authorities have also been cracking down on Uber to drop off and pick up customers from the airport.
5. The Risk of International Expansion
Since Uber has now expanded its services and is now available across Asian countries, it might face issues with the local drivers.
Not only has there been an urge to promote local businesses, but the taxis are more affordable and compatible with customers. In such cases, Uber’s global expansion has sought to arouse several challenges in recent years.
10 Best Uber Alternatives In 2024
1. Flywheel
A cab-related service, similar to Uber, is currently working in San Francisco and is also one of the oldest cab services in the area. Flywheel, unlike Uber, is positively reviewed for its well-behaved drivers and clean cats.
Besides cab services, they have the second largest fleet of wheel car-based taxis and drivers that are trained for ease to passengers.
2. Grab
A Southeast Asian application, Grab is a great alternative to Uber Alternatives; however, has a plethora of features to offer. Initiated in Malaysia in 2012, besides its cab services, the company offers food and grocery delivery services, and mobile payments among others. With a simplified user interface and customer service assistance, Grab, with few taps, offers you a plethora of services that include purchasing groceries, ordering food, and much more.
Currently, Grab is operating its services in more than 400 cities. Additionally, Grab supports local businesses by including a list of restaurants and grocery stores that provide with several services to users.
3. HopSkipDrive
With considerable transportation that provides services to children and older adults. Currently operating in the United States in its 13 states, it currently operates primarily for school-aged children who fall under the category of IEP or the McKinney – Vento Homeless Assistance Act.
4. Bolt
Bolt, founded in 2013 in Estonia as Taxify is a transportation network organisation that operates in over 50 nations internationally. It offers convenient and low-cost experience hailing offerings to its customers. The organisation focuses on offering competitive pricing for its rides. The pricing model of the enterprise is designed in such a manner it is low-priced for both the riders and the drivers. The well-represented application allows customers to e-book rides, music their motive force’s place and pay for the rides seamlessly. Bolt is dedicated to safety and has implemented several measures to ensure the proper being of its riders and drivers.
One of the excellent Uber Alternatives options alternatives for commuters and vacationers in numerous countries including Europe, Africa, Asia and Latin America. Bolt can be a beneficial alternative to Uber if you are looking for an alternative to Uber with a motive of transportation for your family and education. The core values that are posed by Bolt are safety, empathy, ownership, thinking a bigger hustle, a brighter tomorrow, and positivity.
5. Gett
An Israeli company, Gett, with its established features and an easy interface, has made itself popular in the cab and taxi-sharing market.
Initially, the app was named GetTaxi and the only services it provided were related to taxis. However, with its globalisation, Gett also includes B2B travel management that shows versatility in its plethora of operations.
As of 2024, Gett has a strong presence in the United States, United Kingdom, and Israel. Now, with its appropriate corporate offerings, Gett is ready to expand itself in other markets across the globe.
6. OLA
An Indian multinational ride-sharing company, the term ‘OLA’ is styled as OLΛ. With its headquarters in Bengaluru, India, in 2010, the company was initiated as a trip-planning company. However, in 2011, with the growing market of cab-related services, its founder, Bhavesh Agarwal, decided to make a smooth transition that eventually led him to a successful way to gain a global market share.
Now as of 2024, OLA has not only expanded its service in India but also in several countries including Australia, New Zealand, and The United Kingdom.
7. Wingz
Besides its services of allowing users to book prior, its charges are fixed which helps users in not receiving a surge fee after arriving at the airport.
A US-based ride-hailing service, Wingz predominantly serves pre-scheduled, flat-fee, private rides that are particular for airport transfers.
Not only this, but Wingz lets riders and users request their favourite drivers for a hassle-free drive. With a safety feature and several customisation options, it serves as a great alternative to Uber Alternatives in 2024.
8. Via
A New York-based company, Via has now expanded its service globally and operates in more than 20 countries with its unique, ride-sharing opportunities.
Via uses an algorithm that matches passengers that are heading in the same direction which helps reduce the number of cars on the road while lowering the cost of a person. Additionally, with its unique ride-sharing option, it can be counted as one of the most sustainable Uber substitutes in the market.
9. Cabify
Operated mainly by a Spanish ride company, Cabify operates mainly in Spain, Latin America, and a few parts of Europe.
While the company is committed to safety, Cabify represents a comfortable drive to its customers, transparent pricing, and high-quality and trained drivers. Unlike Uber Alternatives, Cabify has reported few safety incidents and is continuing to improve to provide more safe services. While Cabify is safely running in regions across Spain, Latin America, and regions of Europe, it is constantly working to expand its services across Asian regions.
10. Curb
A US-based company that connects with riders and professional drivers, Curb is another reliable alternative to Uber.
With its new age reliability of tech-led Taxi applications, it combined the traditional taxis, which is why it is considered unique.
Along with its instant service, Curb also allows users to book their taxis in advance. In collaboration with the old taxis, Curb is supporting old-school businesses and local employees that can cash on modern-day cab services.
Final Words
Uber, urstoryiq.com with more than 47 billion rides since its inception in 2010, is likely to continue its contribution to the ride-sharing business. However, owing to several legal actions and controversies emerging around Uber Alternatives name have sabotaged its established market. In such cases, many users and customers have preferably switched their platforms to a safer and less controversial ride-sharing and cab services application.
Hence, if you are also looking for an alternative ride-hailing service to Uber, you can prefer our above-mentioned much-coveted guide. In this guide, we have covered everything including the reasons Uber is facing a setback from its customers, users, and drivers, and also the 10 alternatives of Uber in 2024 that can be used for a safer ride.
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Inna Lillahi Wa Inna ILayhi Rajioon In Hindi | इन्ना लिल्लाही व इन्ना इलैही राजिऊन का मतलब
Inna Lillahi Wa Inna ILayhi Rajioon In Hindi :- दोस्तों आपने कभी ना कभी मुसलमान समाज के लोगों को ” Inna Lillahi Wa Inna ILayhi Rajioon ” कहते अवश्य सुना होगा और आपके मन में यह ख्याल आया होगा कि आखिर ” Inna Lillahi Wa Inna ILayhi Rajioon ” क्या है और ” Inna Lillahi Wa Inna ILayhi Rajioon ” का उच्चारण कब किया जाता है या फिर ” Inna Lillahi Wa Inna ILayhi Rajioon ” को कब पढ़ा जाता है।
अगर आपको ” Inna Lillahi Wa Inna ILayhi Rajioon ” के बारे में तनिक भी जानकारी नहीं है और आप इससे जुड़ा हर एक जानकारी प्राप्त करना चाहते हैं तो आप हमारे इस लेख के साथ अंत तक बने रहे। क्योंकि इस लेख में हम ” Inna Lillahi Wa Inna ILayhi Rajioon ” से जुड़ी हर एक जानकारी प्रदान करने वाले हैं तो चलिए शुरू करते हैं इस लेख को बिना देरी किए हुए।
Inna Lillahi Wa Inna ILayhi Rajioon In Hindi | इन्ना लिल्लाही व इन्ना इलैही राजिऊन का मतलब
दोस्तों “Inna Lillahi Wa Inna ILayhi Rajioon” एक उर्दू शब्द है इसका अर्थ हिंदी भाषा में “हम अल्लाह के हैं और हमें अल्लाह के पास वापस लौट के जाना है” होता है। सरल शब्दों में कहें तो इसका अर्थ होता है कि हम अल्लाह के बंदे हैं हमें अल्लाह ने बनाया है और हमें एक ना एक दिन अल्लाह के पास वापस लौट के जाना है।
दोस्तों आपको मालूम होगा कि यह दुनिया में जितने भी सजीव प्राणी है वह एक सीमित समय के लिए धरती पर आए हुए हैं। उनका जीवनकाल कभी भी समाप्त हो सकता है जो व्यक्ति यहां पर आया है उसे जाना निश्चित है। हालांकि कुछ व्यक्ति कम समय मे ही अल्लाह के पास चले जाते है और कुछ व्यक्तियों को अल्लाह के पास जाने में कई वर्षों लग जाते हैं। यह सब अल्लाह के ऊपर निर्भर करता है, की अल्लाह किस बंदे को अपने पास कब बुलाना चाहते है।
“Inna Lillahi Wa Inna ILayhi Rajioon” शब्द अर्थ कुछ इस प्रकार से भी होता है । जैसे कि :-
- हम अल्लाह के हैं और उसी की ओर लौटेंगे ।
- अल्लाह ने हमें बनाया है और वापस हमें उनके पास जाना है।
- हम अल्लाह द्वारा भेजे गए सिपाही हैं जिन्हें वापस लौट के अल्लाह के पास जाना है।
Inna Lillahi Wa Inna ILayhi Rajioon क्या है ?
Inna Lillahi Wa Inna ILayhi Rajioon “इन्ना लिल्लाही व इन्ना इलैही राजिऊन” यह इस्लामिक समाज के पाक किताब कुरान का एक आयत है।
Inna Lillahi Wa Inna ILayhi Rajioon कब पढ़ा जाता है ?
दोस्तों हमने ऊपर के टॉपिक में जाना कि आखिर “Inna Lillahi Wa Inna ILayhi Rajioon” का मतलब क्या होता है और “Inna Lillahi Wa Inna ILayhi Rajioon In Hindi” क्या होता है। अब हम इस टॉपिक के माध्यम से जानेंगे कि आखिर “Inna Lillahi Wa Inna ILayhi Rajioon” कब पढ़ा जाता है या “Inna Lillahi Wa Inna ILayhi Rajioon” का उपयोग कब किया जाता है तो चलिए शुरू करते हैं इस टॉपिक को बिना देरी किए हुए।
जब मुस्लिम समाज में किसी भी व्यक्ति का इंतकाल हो जाता है या फिर कोई व्यक्ति किसी चहेते का इंतकाल का खबर सुनता है तब वह इस “Inna Lillahi Wa Inna ILayhi Rajioon” वाक्य का उच्चारण करता है। इन शब्दों का मतलब तो हमने आपको ऊपर में बता ही दिया है।
ऐसा जरूरी नहीं है कि जब किसी भी व्यक्ति का इंतकाल होगा तभी इस शब्द का उच्चारण किया जाएगा आप इसे अपने परेशानी के वक्त भी उपयोग कर सकते हैं। उदाहरण के तौर पर :- मान लीजिए कि आपके पास कोई फोन है या फिर आपके पास कोई कीमती चीज है और अगर आप उसे खो देते हैं तो उस परिस्थिति में भी आप इस शब्द का उच्चारण कर सकते हैं। क्योंकि इस शब्द का अर्थ ही होता है कि ” यह अल्लाह का है और इसे अल्लाह के पास ही लौटना है।
FAQ, s
Q1. inna lillahi wa in allah-e-rajioon in arabic
Ans. inna lillahi wa in allah-e-rajioon को arabic में ” إنا لله وعلينا أن نعود إلى الله ” कहते है।
Q2. inna lillahi wa in allah-e-rajioon in Urdu
Ans. inna lillahi wa in allah-e-rajioon को Urdu में ” ہم اللہ کے ہیں اور ہمیں اللہ کی طرف لوٹنا ہے۔ ” कहते है।
Q3. inna lillahi wa inallah-e-raji’oon meaning in English
Ans. inna lillahi wa inallah-e-raji’oon meaning in English is ” We surely belong to Allah and to Him we shall return “.
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[ Conclusion, निष्कर्ष ]
दोस्तों आशा करता हूं urstoryiq.com कि आपको मेरा यह लेख बेहद पसंद आया होगा और आप इस लेख के मदद से Inna Lillahi Wa Inna ILayhi Rajioon in hindi के बारे में जानकारी प्राप्त कर चुके होंगे।
हमने इस लेख में सरल से सरल भाषा का उपयोग करके आपको Inna Lillahi Wa Inna ILayhi Rajioon के मतलब के बारे में बताने की कोशिश की है।आप हमारे दिए गए कमेंट सेक्शन में अपनी राय जरूर दें कि आपको यह लेख कैसा लगा और आपको Inna Lillahi Wa Inna ILayhi Rajioon शब्द का अर्थ समझ में आया कि नहीं।
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